The purchase by Sports Direct of department store group House of Fraser drew a cautious response from analysts on Monday, with some saying the deal could backfire on Mike Ashley, the sportswear retailer's founder.

They may feel aggrieved at not obtaining an official seal of approval, but traditional Romanian dressmakers are riding a wave of demand for their folk designs after Dior inadvertently showcased their craft.

House of Fraser is to get a new owner after calling in administrators Friday. A fast deal to buy a slimmed-down version of the chain had been on the cards with news Friday that retail tycoon Mike Ashley is now in charge.

French fashion empire Louis Vuitton is set to debut its travelling "Time Capsule" exhibition in Canada, with the show to open in Toronto next month, in celebration of the luxury brand's 35th anniversary in the city.

The LVMH group owns three Swiss luxury watch brands; Zenith, TAG Heuer and Hublot. FashionNetwork.com visited the three brands’ headquarters, ahead of their opening to the public for the LVMH ‘Private Days’ initiative.

Burberry's new creative director Riccardo Tisci, who arrived at the storied British fashion house in March 2018, has unveiled a new logo and monogram for the label. Both were created by Peter Saville Studio.